The seven money myths that stand in the way of a good financial plan

A hand holding a compass

[By Jennifer Cook, for Financial Independence Hub] As Canadians face year-end decisions on investments, taxes, and RRSPs, we at Co-operators have identified common gaps in financial preparedness stemming from the spread of money myths. There are many myths that can derail planning, but I’d like to talk about the top seven and offer a remedy in … Read more

Programs and incentives to help first-time homebuyers

[By Jacqueline Power, Advisor’s Edge] As real estate prices soar in Canada, the government is looking at ways to cool the market while helping new buyers purchase their first home. Ontario is expanding its foreign buyers’ tax and many are watching the April 7 federal budget for additional measures to address affordability. As spring approaches … Read more

Financial Rules of Thumb to Consider Breaking

[By Pat Mertz Esswein, Kiplinger] Financial rules of thumb circle around the internet like flotsam caught in an eddy. We scrutinized five particularly persistent ones to see how they hold up. Our conclusion: Most have merit as a starting point for setting a financial goal. But depending on your personal circumstances, you may benefit from … Read more

Pandemic personal finance update finale: A 10-point checklist of things you should have done by now to protect or improve your money situation

[By Rob Carrick, The Globe and Mail] Hard lessons in personal finance have rained down on us since the pandemic began. The Pandemic Personal Finance Update has tried to keep track of them. The first instalment appeared March 23 and covered falling stocks and “wartime budgets” for families. Later editions looked at topics such as … Read more

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